Mortgage Prepayment Charge Calculator | CIBC (2024)

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Your mortgage balance is the amount you have left to pay your lender. It doesn't include future interest payments.

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The maturity date is when your mortgage term ends. This is when you either renew your mortgage for a new term, if your lender agrees, or pay it off completely.

Payment frequency is how often you make a mortgage payment: monthly, semi-monthly, biweekly or weekly.

Enter the regular principal and interest payment amount you're required to make on your mortgage loan. Don't include amounts for insurance or taxes, or any extra amounts you pay to reduce your principal faster.

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Enter a value between $1 and $1,000,000,000.

Enter a value between $1 and $1,000,000,000.

Enter a mortgage maturity date that's within the next 10 years.

Enter a value between $1 and $1,000,000,000.

Mortgage Prepayment Charge Calculator | CIBC (2024)
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